ARLINGTON HEIGHTS – To ensure that tax increment financing (TIF) dollars are used responsibly, a plan introduced by State Senator Ann Gillespie (D-Arlington Heights) that expands required reporting by municipalities to the Illinois Comptroller was signed into law.
“Taxpayers deserve to know exactly how TIF developments could affect their property taxes,” Gillespie said. “Our plan will keep developers and local governments honest, and create a transparent process that shows residents whether goals are being met.”
TIF districts are a tool used by municipal governments to stimulate economic development in targeted areas. The new law requires more consistent, measurable data on the success of the TIF project by expanding what local governments must report annually to the Comptroller’s Office. Expanded reporting requirements include projected and actual job creation, and projected and actual increment. The legislation also requires the report to be verified by a neutral third party.
Read more: Gillespie TIF transparency measure signed into law
SPRINGFIELD – A new law sponsored by State Senator Sara Feigenholtz (D-Chicago) will help streamline the adoption process in Illinois.
“Prospective parents waiting to adopt have shared their challenges in the adoption process,” Feigenholtz said. “This legislation will ease some of these challenges and streamline the process while protecting the best interest of the child. Bringing a child into a loving home through the process of adoption should be a blessed experience.”
Read more: Feigenholtz law aims to streamline adoption process
SPRINGFIELD – Veterans and civilians in Illinois as well as older adults will be eligible for homestead exemptions without having to reapply thanks to legislation sponsored by State Senator John Connor that was signed into law Friday.
“By not requiring members of these already at-risk populations to reapply for this important tax exemption, we are helping to keep them safe from COVID-19 and other dangerous and communicable illnesses,” Connor said. “When we help keep people at home, we help keep people safe.”
Homestead exemptions can be approved for people with disabilities, veterans with disabilities and older adults without new applications under House Bill 3289. Any property that was approved for the exemption in tax year 2019 will qualify, provided that the county the property is in is declared a disaster area related to the COVID-19 pandemic.
OAKBROOK TERRACE – After passing the General Assembly with strong bipartisan support, a new law sponsored by State Senator Suzy Glowiak Hilton (D-Western Springs) will improve student access to mental health education and resources by allowing partnerships between state agencies.
“As our schools recover from numerous pandemic-related challenges, our state must prioritize our students’ well-being,” Glowiak Hilton said. “To ensure children are receiving the best mental health services at school, this proposal allows two key state agencies to work together to improve prevention and treatment resources.”
An initiative of the Illinois State Board of Education, Glowiak Hilton’s law allows board officials to collaborate with the Illinois Children’s Mental Health Partnership (ICMHP) to give students access to a wider range of mental health resources at school.
Read more: Glowiak Hilton law ensures quality mental health resources for students
Page 457 of 618